Micron Waste Technologies Inc (CSE:MWM) (OTCMKTS:MICWF) announced Friday it has completed its acquisition of personal protective equipment (PPE) manufacturer Covid Technologies Inc.
Micron Waste said Covid Technologies is preparing to deliver Canadian-made, high quality, vapour barrier technology (masks and garments) that protect against biological hazards, pathogens and suberbugs.
The much-needed equipment is being manufactured at Micron Waste’s facility in Delta, British Columbia. Covid Technologies also plans to manufacture N95 Respirators and is awaiting a licence from the National Institute for Occupational Safety and Health to be able to begin production.
To complete the acquisition, the company issued to former Covid Technologies securityholders some 16.5 million common shares at $0.08 per consideration share as well as 16.5 million replacement warrants exercisable into common shares at $0.10 each for a period up to and including April 28, 2025.
Micron Waste has said it will continue the research and development of its waste digester business - which is focused on the cannabis and food industries - alongside its PPE manufacturing business
In other related news, Vancouver-based Micron Waste said Harveer Singh Sidhu has been appointed to its board of directors.
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